Question 18 The upward sloping portion of a long-run cost curve illustrates: Diminishing marginal returns Both of the above Diseconomies to scale

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A: Disclaimer :- as you posted multipart questions we are supposed to solve only the first 3 question…

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Q: 55- 50 45 40- 35 30 25 20 15 10 234 56 -5 -10 -15 -20 +--. -25 -30 ---L -35 -40 -45 -50 -55 (4)…

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A: Ed = -10 MC = 2 P = ?

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Q: f you deposit $10000 into a fund paying interest 6%. How much you get after one yea

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A: Note: We will answer the first question as the exact one was not specified. Please resubmit a new…

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Q: 12) Suppose that a monopolist supplies a product in two distinct markets, LA and NY. The demand…

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Inflation and Purchasing Power Theory

In economic terms, Inflation refers to the increase in the costs of various commodities which are used in daily lifestyle like food, clothes, transport, etc. over a specific time. It may lead to a fall in the purchasing power of the people and also affects the exchange rate of the currency because of the price increase. As the purchasing power falls the unit of the currency in the economy falls. When the prices of the commodities are decreased, then the purchasing power of the consumers will rise, then it will lead to deflation and changes the currency of the base economy to that of the foreign economy which will lead to change in exchange rates.